What is the Credit Builder Loan?

The DuTrac Credit Builder Loan is designed for members who may not have credit or may need to re-establish their credit. The Credit Builder Loan allows members to move towards achieving financial independence with the help of an automatic savings plan built directly into the loan. DuTrac will help members establish an affordable payment with a reasonable term(s) and low interest rate.

How Does the Credit Builder Loan work?

The DuTrac Credit Builder Loan is fully secured by placing the “loan” proceeds into the member's savings account at DuTrac. The approval is based on the capability to repay the loan back. As with all loans, payments will be reported to the credit bureau. If there is no credit file (ex. just turned 18yrs old, never had a loan before, no credit score) the Credit Builder Loan will help the member establish credit history and generate a credit score. If a member may have had some credit issues in the past (ex. collections, recent bankruptcy, poor knowledge or handling of credit) the Credit Builder Loan can help to re-establish a stronger credit history. The DuTrac Credit Builder Loan can be customized to fit nearly any need.

How do I take advantage of the Credit Builder Loan?

Applying for the DuTrac Credit Builder Loan is easy. Simply click the link below to set up an appointment with a highly qualified DuTrac financial services consultant. Choose to have your credit report pulled in advance so we can review the report and prepare a plan for building or re-building your credit. We’ll contact you to verify your information and appointment date and you’ll be on your way to building credit.

If you have further questions regarding DuTrac Community Credit Union’s products or services, please contact a highly qualified financial services consultants by email at, in person at any of DuTrac’s convenient locations or by phone at (563) 582.1331, or (800) 475.1331.